Re: Landmark Court Decision against Internet ISP SIFY BroadBand | | Good judgement, but then is it?
Think of it this way. Over a period of 2 years, an ISP cons customers and gets fined 8200. Is it enough. Will it even make a minute dent on their balance sheets!
The lawyer was not the only one hurt. Many others were cheated. Unlike the US, this was not a class action suit.
These companies will shrug off such minor fines.
The ideal way is to make the fine so hefty that the company stock price falls. Unless we have such deterrents, sellers will make fools out of consumers. India is still a seller friendly scene. You can cheat 500 hundred people, make lakhs. One of them sues and then you pay a few thousands to that person. You cheat, you violate agreements, but our judicial system ensures you end up richer. |